Hg Private Wealth Offering Exceeds $1 Billion

Funding | Apr 08, 2025 | PR Newswire Cision Hg

Hg, a prominent investor in software and services businesses, announced that its open-ended investment vehicle, Fusion, targeting private investors has exceeded $1 billion in net asset value (NAV) within 12 months—well ahead of initial expectations. As of March 31, 2025, Fusion's NAV reached $1.2 billion, attributing to a remarkable net NAV growth of approximately 20%, outperforming its 15-17% target. The fund's oversubscription led to the implementation of quarterly subscription caps. Supported by strong demand and strategic partnerships, especially with UBS and regional private banks, Fusion is Hg’s pioneering 'private wealth' offering. The investment strategy is backed by a robust 25-year performance history and leading expertise in software treasury investments, primarily in Europe and North America. The initiative is also buoyed by the opening of a new office in Singapore, expanding Hg's footprint in the APAC region.

Sectors

Private Equity
Financial Services
Software and Technology

Geography

United Kingdom – Hg is based in London, and the announcement is made from the UK.
Singapore – The opening of Hg's office in Singapore in 2024 highlights its expanding influence in Asia Pacific (APAC).
North America – Hg has a significant presence in the North American market, contributing to its competitive investment edge.
Europe – Hg's leading rank in European large-cap private equity and investment focus in Europe are key to the Fusion fund's foundations and strategy.

Industry

Private Equity – Hg operates as a private equity firm focusing on software and services businesses, with Fusion being its significant offering for private wealth investors.
Financial Services – Fusion fund showcases a novel financial product within private wealth management, appealing to individual investors and family offices seeking professional asset management.
Software and Technology – Hg specializes in investments within the software and technology sector, indicating the key industries that are influencing the returns and growth of Fusion.

Financials

$1 billion – The Net Asset Value (NAV) reached within 12 months of Fusion's launch.
$1.2 billion – The NAV as of March 31, 2025, reflecting the fund's growth and success.
20% – Net NAV growth achieved in the first year by Fusion.

Participants

Name	Role	Type	Description
Hg	Private Equity Firm	Company	A leading investor with a focus on software and services businesses, providing private wealth investment opportunities.
Fusion	Open-ended Investment Vehicle	Company	Hg's open-ended fund valued at over $1 billion, aimed at private investors besides the US, focusing on software-based returns.
UBS	Strategic Partner	Company	Global financial services company partnering with Hg to offer private wealth investment services.
Martina Sanow	Partner and Head of Hg Wealth	Person	Leads Hg Wealth, the division responsible for managing Fusion and reaching the $1 billion milestone.
Justin Von Simson	Managing Partner, Senior Leadership Team at Hg	Person	Recognizes the success of specialization in realizing and growing private market investments.